nnn pizza hut portfolio npc international (1250+ locations ... · steven i davis managing member...

Retail Investment Group, LLC8350 E. Raintree Drive Suite 130Scottsdale, AZ 85260Phone 480.429.4580Fax 480.452.1820http://retail1031.com

Steven I DavisManaging [email protected]

Scott A HintzeSenior [email protected]

NNN Pizza Hut PortfolioNPC International (1250+ Locations)Master Leased

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no representation, guarantee or warranty about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, estimates, opinions used are for example only. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Justin [email protected]

Pizza Hut Portfolio - 8.25% CAP 5 Iowa Locations - Must be purchased as a portfolio

2075 John F. Kennedy Road

Investment SummaryPrice: CAP Rate: Lessee: NOI: Lease Expiration: Lease Options: Increases: Lease Type:

$3,183,0798.25%NPC International$262,604September 30, 20194 Five Year Options 1% AnnualAbsolute NNN No Landlord Obligations

About NPCNPC currently operates over 1,250 Pizza Hut units in 28 states and over 140 Wendy’s units in 5 states. NPC International is the largest Pizza Hut franchisee in the world, operating approximately 20% of the domestic Pizza Hut system.

Employing over 29,000 employees, NPC is the 9th largest operator in the United States.

NPC opened its first Pizza Hut restaurant in 1962.

www.npcinternational.com49 Cedar Street 1845 8th Street SE

1640 First Street West 1129 E Main Street

Dyersville, IA

Independence, IA

Dubuque, IA Tipton, IA

Manchester, IA







Location Map







NPC International Quick Facts







Dubuque, Iowa Location2075 John F. Kennedy Road Dubuque, IA 52002Bldg Sq Ft: 2,499Land Sq Ft: 33,125Pizza Hut has a 46-year history at this site.2015 Sales $429,350

2007, 2008 and 2010-ranked among the “100 Best Communities for Young People” by the America’s Promise Youth FoundationApril 2007- ranked 15th in the “Best Small Places For Business and Careers’” ranking by Forbes magazine

About DubuqueDubuque is a city in and the county seat of Dubuque County, Iowa, located along the Mississippi River. In 2013, its population was 58,253, making it the tenth-largest city in the state.

The city lies at the junction of three states: Iowa, Illinois, and Wisconsin, a region locally known as the Tri-State Area. It serves as the main commercial, industrial, educational, and cultural center for the area.

It is one of the few large cities in Iowa with hills, and a tourist destination featur-ing the city’s unique architecture and river location. It is home to five institutions of higher education, making it a center for culture and learning.

Dubuque has long been a center of manufacturing, but the economy has recently had rapid growth and diversified in to other areas. In 2005, the city led the state and the Midwest in job growth, ranking as the 22nd fastest-growing economy nationally. Today, alongside industry, the city has large health care, education, tourism, pub-lishing, and financial service sectors.

Portfolio SummaryPrice: CAP Rate: Lessee: NOI: Lease Expiration:

$3,183,0798.25%NPC International$262,604 September 30, 2019







Tipton, Iowa Location49 Cedar Street Tipton, Iowa 52772Bldg Sq Ft: ±2,910Land Sq Ft: ±74,488Pizza Hut has a 25 year history at this site.2015 Sales $381,010

This property is situated on the southern edge of Tip-ton, at the hard corner of Cedar St and W South St. Cedar St is the city’s main thoroughfare.

About TiptonTipton was platted in 1840 and was named for General John Tipton, a personal friend of the founder, Henry W. Higgins. It was incorporated on January 27, 1857

According to the United States Census Bureau, the city has a total area of 2.09 square miles, all of it land.

Tipton is served by two highways: Iowa 38 (which runs north and south through town) and Iowa 130 (which enters Tipton from the east, meets Iowa 38 in the business district, and then runs north in conjunction).









Dyersville, Iowa Location1845 8th Street SE Dyersville, IA 52040Bldg Sq Ft: ±2,622Land Sq Ft: ±36,471Pizza Hut has a 33-year history at this site.2015 Sales $517,930

About DyersvilleDyersville is a city in eastern Delaware and western Dubuque counties in the U.S. state of Iowa. It is part of the Dubuque, Iowa, Metropolitan Statisti-cal Area. The population was 4,058 at the 2010 census, up from 4,035 at the 2000 census.

Dyersville was laid out in 1851. It was named for early landowner James Dyer.

Dyersville is home to the baseball field built for the film Field of Dreams and the national Farm Toy Museum.

The site is located on the south side of Dyersville, on the NW side of High-way 20 and 9th St. The site is visible from the Highway. The 9th St exit provides the most direct access from the Highway to downtown Dyersville.

Portfolio SummaryPrice: CAP Rate: Lessee: NOI:

$3,183,0798.25%NPC International$262,604

Lease Expiration: September 30, 2019







Independence, Iowa Location1640 First Street West Independence, IA 50644Bldg Sq Ft: 2,820Land Sq Ft: 31,454Pizza Hut has a 40-year history at this site.2015 Sales $619,960

About IndependenceIndependence is a city in and the county seat of Buchanan County, Iowa, United States. The population was 5,966 in the 2010 census.

According to the United States Census Bureau, the city has a total area of 6.22 square miles, of which, 6.08 square miles is land and 0.14 square miles is water.

Independence was founded in 1847 near the center of present-day Bu-chanan County. For a few years in the late 1880s and early 1890s, Independence was a nationally-known horse-racing center, and was sometimes referred to as the “Lexington of the North”.

Portfolio SummaryPrice: CAP Rate: Lessee: NOI:

$3,183,0798.25%NPC International$262,604

Lease Expiration: September 30, 2019







Manchester, Iowa Location1129 E Main St Manchester, IA 52057Bldg Sq Ft: 2,820Land Sq Ft: 31,454Pizza Hut has a 39-year history at this site.2015 Sales $591,750

The site is located on the east side of Manchester, on the south east side of Main St and McCarren Dr.

About ManchesterManchester is a city in Delaware County, Iowa, United States. The popu-lation was 5,179 at the 2010 census. It is the county seat of Delaware County. Manchester is located at the intersection of State Highway 20 and State Highway 13, and is the largest community in Delaware County.

Manchester was founded in the 1850s. It was originally called Burrington after its founder, Levings Burrington, who settled there in 1852.

Manchester serves as the county seat of Delaware County, which is a major employer

Manchester is located within 45 miles of Cedar Rapids, Waterloo, and Dubuque, three of the state’s larger cities.



nnn pizza hut portfolio npc international (1250+ locations ... · steven i davis managing member...

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